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Monday, 21 April 2014

Malaysian Companies Invited To Bid For UK Armed Forces Contracts

Malaysian Companies Invited To Bid For UK Armed Forces Contracts 

KUALA LUMPUR, April 20 (Bernama)

The United Kingdom (UK) Ministry of Defence (MOD) is inviting Malaysian companies to participate in bids to supply for the UK Armed Forces.

"We want to see more Malaysian companies looking to the UK for future market. We seen tremendous development in the industrial sector in defence and security and we see no reason why Malaysian companies should not be in the UK," Senior Spokesperson UK Trade and Investment for Defence and Security Organisation (UKTI DSO) Adam Thomas told Bernama in an interview.

Thomas was speaking on behalf of Minister for Defence Equipment, Support and Technology Philip Dunne who was in Kuala Lumpur for the 14th Defence Services Asia Exhibition and Conference.


"We developed a new website, www.contracts.mod.uk where Malaysian companies can register their capabilities and tell us what they do. We can look at your company and see if they are suitable to supply for our armed forces or we can give them advice on areas that they need to develop in order to do so," he said.

Thomas said companies can apply online for a publication called "Contracts Bulletin" that lists every contract available "from a dollar to a billion dollars".

He added over 40 per cent of UK defence budget is allocated to foreign companies.

"We also have one of the most open procurement system in the world and there is no barriers to Malaysian market at all," he added.

In the financial year 2012/13, the UK MOD spent approximately 18.5 billion with third parties to buy and support all the equipment and services that the armed forces need to operate effectively.

"If you do supply to our armed forces there would be a very, very good opportunity to supply to other armed forces around the world," he said.

Thomas said UKTI DSO was also very keen to engage with the modernisation of Malaysian Armed Forces, cyber and security sector as well as education.

The UK MOD launched its 10-Year 160bn Equipment Plan, setting out its forecast expenditure plans to deliver and support the equipment required to meet the armed forces objectives.

Thomas said the country sees Malaysia very much as an equal partner as Malaysia has similar challenges to UK.

"You want to protect your borders, you want to protect against drug smuggling and illegal immigration. We got similar challenges. We are also very keen to talk to you about your doing work on the Malacca Straits and we can share philosophies on that," he said.

Thomas added this is a really good way of working together in the future and learn from each other.

"More importantly what we see as a success is much more joint ventures between Malaysia and UK companies, not on the amount of equipment we sell but the amount of joint ventures we had," he said.

In the cyber sector, Thomas said one of the things that UK has learned from the last two years were the cyber threats across financial and defence sector.

"We launched a new cyber security strategy in the UK. Another area is of course the 2012 Olympic Games where we learnt a lot of lessons.

"We know Malaysia is very keen to engage in future games and large events, and again we are keen to share some of the technologies we learnt during the Olympics. Everything including biometrics to airport security," he added.

Meanwhile, he said BAE Systems has also invested a significant amount of money to sponsor Malaysian students to study in the UK.

"We think that's a great credit to the company who sees this country as a rather long term investment than a short term investment," he said, adding that UK sees a real crossover with Malaysia, not just in defence and security, but also in education.

"Malaysia has some wonderful ideas on its future and we in the UK want to make sure that we are going to be part of that as well," he said.

-- BERNAMA

Friday, 18 April 2014

My Varthagam : Full Of Business Opportunities Here in Nigeria


My Varthagam : Full Of Business Opportunities Here in Nigeria


Businessmen around the world are always looking for new global markets for investments. Relatively quietly, Nigeria has become an attractive market for American businesses. In fact, it's the largest and most important market in Africa and one of the more exciting emerging markets in which to invest


With a population of approximately 180 million (twice as large as Ethiopia, the next largest African country) and a gross domestic product (GDP) of $509 billion (30 percent larger than South Africa's GDP, the next largest), Nigeria is one country not to be overlooked.
A new generation of entrepreneurs and leaders in Africa and, more specifically, in Nigeria, are making Africa a place for exceptional growth. With bright minds flocking to the country, the business-friendly government is ready to take the next step as direct foreign investments grow and the Nigerian economy becomes increasingly more robust. These measures are evidenced by how Nigeria has been recognized among the "Next Eleven" economies, a designation for each of the economies that have the greatest potential for becoming one of the largest economies in the 21st century, in addition to other emerging economies, such as Brazil, Russia, India and China.
With its GDP growth forecasted to be among the highest in the world over the next five years and a debt/GDP ratio under 11 percent, which is lower than that of most developed countries, Nigeria has in fact become a land of opportunity for business. Beyond multinational corporations, entrepreneurs and medium-sized business enterprises are also investing in Nigeria. By taking advantage of available opportunities; building up a thorough understanding of the business and socio-cultural environment; and increasing their familiarity with local business rules, investors have a bright future in Nigeria.
Over the past few years, the Nigerian government has emphasized economic reform, and through privatization, global businesses have created opportunities in Nigeria as a result of the government allowing private ownership of previously government-owned operations.
By making Nigeria more business-friendly, President Goodluck Jonathan has helped make the country a preferred destination for investors to do business. As a result, opportunities are abundant. Nigeria's future continues to be bright for Nigerians as the creation of wealth escalates to new heights, and the local economy continues to prosper as foreign investment in the country grows.
Investment opportunities in Nigeria have certainly not gone unnoticed. In an interview last year, General Electric CEO Jeff Immelt spoke about Nigeria being “good risk” and GE having the ability to make $10 billion from investments in Nigeria if the country got things right. In addition, foreign brands such as Ermenegildo Zegna, Porsche, Domino’s Pizza, KFC, Intercontinental Hotels and others have all entered the market within the last three years. This is just the beginning, the calm before the tsunami of investors and businesses that will likely flock to Nigeria to participate in one of the most exciting growth stories in the world today.
Danladi Verheijen, managing director of Verod Capital, is based in Nigeria
International Business Times

Wednesday, 16 April 2014

My Varthagam : Indonesia, Malaysia Lead Way in ASEAN Trade Opportunity: HKTDC Research



MY Varthagam : Indonesia, Malaysia Lead Way in ASEAN Trade Opportunity: HKTDC Research



Consumer markets in Indonesia and Malaysia are emerging as frontrunners among Association of Southeast Asian Nations (ASEAN) countries, according to new research from the Hong Kong Trade Development Council. HKTDC Principal Economist (Asian and Emerging Markets) Dickson Ho provides details about which types of products and segments of the population in those countries are most promising for small and medium-sized enterprises.

Source: HKTDC

Monday, 14 April 2014

My Varthagam : ICT's Contribution to the Malaysian Economy

My Varthagam : ICT's Contribution to the Malaysian Economy





Right now, we can say the ICT related economy contributes about 10% - 12% of our GDP, but we are not really happy with that. We are pushing so that the ICT related economy should be able to contribute about 17% to the Malaysian economy by 2020.

More at the prospect group


My Varthagam

MY VARTHAGAM : New Guidelines for The Market Development Grant by MATRADE

MY VARTHAGAM : New Guidelines for The Market Development Grant by MATRADE



KUALA LUMPUR, THURSDAY, 3 APRIL 2014: MATRADE today announced a revision of the guidelines for the Market Development Grant (MDG) which will take effect from 1 May 2014. The new guideline will allow more Small and Medium Enterprises (SMEs) to benefit from it and will focus on core expenses on activities by SMEs that have a direct impact on exports. The revision is also consistent with the Government’s austerity measures and the importance of prudent spending.
The MDG is a programme that assists SMEs to access to business opportunities in overseas markets. It is especially beneficial to new exporters in getting a foothold in the global marketplace through participation in international trade fairs, specialised marketing missions and other related activities.
Last year, the MDG received an overwhelming response from SMEs with an increase of 73% in total disbursements. This was the result of an increase in the number of companies participating in trade promotional activities from 3,493 in 2012 to 16,608.
A total of RM 46.7 million was disbursed through the MDG in 2013 to 2,182 SMEs of which RM 7.6 million was provided to Bumiputra companies and RM 16.7 million to women-owned enterprises. Through the participation of these SMEs in trade promotion activities in 2013, a total of RM 1.5 billion sales were generated and 5.9 million business leads received.
Effective January 2014, Small and Medium Enterprises (SMEs) have been reclassified as companies whose annual turnover is less than RM50 million with workers not exceeding 200 for the manufacturing sector, from the current definition of less than RM25 million in revenue and less than 150 workers. For the services sector, the value threshold has also been raised, with SMEs defined as firms with annual sales not exceeding RM20 million (less than RM5 million at present) or not more than 75 workers (less than 50 currently). The new definition is effective Jan 1, 2014.
The new definition for SMEs is expected to see an increase in the number of such firms from 97.3% to 98.5% of total business entities, adding more than 8,000 SMEs to the current pool. As a sought after grant, MATRADE foresees an increase in the number of new applicants for the MDG and the revision in guidelines will enable more SMEs to utilise the fund.
The Government takes cognisance that SMEs are a very important part of the business community and strives to provide assistance to ensure their viability. In 2013 alone,RM12 billion worth of assistance has been granted to 885,019 SMEs of which 100,118 SMEs have benefited in terms of market access.
Companies are able to view the new guidelines to the Market Development Grant on MATRADE’s website at www.matrade.gov.my from 1 April 2014.

MY VARTHAGAM

Saturday, 12 April 2014

MY VARTHAGAM : SME BiZTalk FINDINGS OF MARKET STUDIES, OPPORTUNITIES AND CHALLENGES


MY VARTHAGAM : SME BiZTalk 30th April 2014 Kuala Lumpur

CEDAR and SME Bank pleased to cordially invite members of Klang Indian Chamber of Commerce, Selangor (DPIK) to attend our SME Biz Talk which will be held at Menara SME Bank, Kuala Lumpur on 30 April 2014,Wednesday.

Programme Itinerary:

9.00 - 9.30am      : Registration and Morning Coffee

9.30 - 10.00am    : The Essence of Our Services by YBhg Datuk Mohd Radzif Mohd Yunus,
                              Group Managing Director of the SME Bank


10.00 - 11.00am : Highlights on Key Business Industries – Opportunities and Challenges 
                              by Dr. Sheikh Ghazali Abod, Chief Operating Officer of CEDAR

11.00 - 11.30am:  Beyond Financing – Entrepreneur Development Programmes 
                              by Mr. Husain Dawoed, VP of CEDAR

11.30 - 12.00pm : Entrepreneur Financing Opportunities with SME Bank 
                              by Head of Regional Centre, SME Bank


12.00pm            :  Clinic Session with SME Bank and CEDAR

DOWNLOAD REGISTRATION FORM  at Cedar.my 

REGISTRATION DUE DATE : 25 April 2014 

Shall you need more info, please do not hesitate to contact Mr Faris at +603 2615 2967. / mohd.faris@smebank.com.my.



Wednesday, 9 April 2014

MY VARTHAGAM : SEMINARS ON ICT THE NEW ERA OF SME INNOVATION




SEMINARS ON ICT THE NEW ERA OF SME INNOVATION


Please be informed that CISCO System in collaboration with MALAYSIA SME™ will be organizing Seminars on ICT The New Era of SME Innovations.

The details of the seminar are as follows:

Date
:
April 10, 2014 (Thursday)
Time
:
9.00am – 2.00pm
Venue
:
The Garden Hotel & Residences


Mid Valley City, 59200 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur
Fees
:
Free Admission (Lunch and Refreshment Provided)

For further information or registration, please visit our website www.klangchamber.org or contact the followings: 
EVENTSME™
Tel       : + (6)03 7960 2133
Fax      : + (6)03 7960 4133